T. Boone Pickens dies at 91

T. Boone Pickens, a celebrated corporate raider and energy industry magnate who built an empire out of an initial $2,500 investment, died on Wednesday at age 91. The Oklahoma-born tycoon,…

Trade War Logs – Chinese Oil Buyers Shun US Crude

Chinese oil traders and refiners no longer want to sign long-term supply agreements with U.S. producers, said the chief executive of Enterprise Products Partners as quoted by Reuters, amid the…

How much oil does Venezuela have?

The proven oil reserves in Venezuela are recognized as the largest in the world, totaling 300 billion barrels Venezuela’s crude oil is very heavy, and as a result, much of it must be processed…

North Dakota Landowners vs Continental Resources

Continental Resources filed a complaint last September in U.S. District Court against Landowners Rick and Rosella Fisher related to a saltwater disposal well in Bowman County. The complaint asserts that…

Vietsovpetro starts oil field offshore Vietnam

JV Vietsovpetro reported the start of production from Ca Tam (Beluga) oil field offshore Vietnam with commissioning of the CTC-1 wellhead platform. Initial flow from three wells was 11,900 b/d,…